Can't say anything for or against the henry because I've never shot one. I did however buy a Ruger 10/22 a few days ago and shot it for the first time today. Shot great, very accurate, no misfires. As for price, I got mine for $200 but they run anywhere from $180-$600 depending on what all you get.

Also out of curiosity I was looking at people that were modifying their Ruger 10/22s and saw the Tapco stock and was wondering if that makes it classifiable as an assault weapon by definition in California?
If this is the case what other stocks are out there that are somewhat similar but will not cause it to be an "assault weapon"?

A stock an "assault weapon" doesn't make. It's unfathomable what strikes fear into the black hearts of criminal politicians and makes them call anything an assault rifle. Well, I guess it really is because they just don't know much about firearms....

I shot Federal in my 22 rifle, although it's not a Henry, it does fine. You'll just have to try different brands and figure out what shoots the best in your gun. Oddly enough two Henrys won't shoot the same ammo with the same amount of accuracy, this is true with any firearm and any brand. Your new Henry may shoot Federal good but someone elses might have better accuracy with CCI. It just takes trial and error to figure out.

Federal sells a box of 550 rounds for $11, most of the other brands do the same. This is by far the best value, IMO.

Congrats on the 10/22. I have the 10/22 but I love my Marlin 39a Golden Mountie. No matter what you have, if you feel like you can drive a tack everytime you pick it up. That's the gun for you....ENJOY!